Intermediate Macro-Economics

Catalog description

Analysis of the macroeconomy – GDP, national income, inflation, unemployment, growth. Topics include measurement of product and income, savings, price indices and inflation, interest rates, production functions, supply and demand of labor, full employment output, unemployment, Okun’s law, consumption and savings decision, Ricardian equivalence, desired capital stock, investment, open economy vs. closed economy, growth, supply and demand for money, the business cycle, IS-LM/ Ad-AS analysis, the classical position, Keynesianism, macroeconomic policy, inflation-unemployment trade off, Federal Reserve, monetary policy, fiscal policy, spending and deficits.